Sensex in red, Nifty at 11,700

Mumbai, June 24 (IANS) Sensex and Nifty declined during the morning session of the trade on Monday over weak global cues.

Globally, investor sentiments were affected due to rising oil prices over tensions in the Middle East.

Investors were also cautious ahead of a crucial meet between US President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Japan on June 28-29

At 10.19 a.m., the S&P BSE Sensex traded 75.53 points lower or 0.19 per cent at 39,118.96.

The Sensex opened slightly lower from its previous close of 39,194.49.

The Nifty was 23.75 points or 0.20 per cent down at at 11,700.35.

Meanwhile in a major development, Deputy Reserve Bank of India Governor Viral Acharya has resigned six months before the scheduled end of his term, sources said on Monday.